Young Mens Christian Association of Montclair

Analysis

Young Mens Christian Association of Montclair is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in April 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Young Mens Christian Association of Montclair reported income of $16.2m and spending of $14.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $16.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Mens Christian Association of Montclair sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Henry Booth House ($16.2m), Eprine Community Services Inc ($16.2m) and Hope Ministries ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $763k (5.3% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $22.7m against liabilities of $8.1m, net assets of $14.6m. It reported 638 employees.